Examlex
In the __________ UPS, the internal components of the standby models are replaced with a pair of inverters and converters.
Continuous Review
A system of inventory management where the stock levels are continuously monitored, and orders are placed as soon as the inventory drops below a predetermined level.
Reorder Point (ROP)
The inventory level at which an order should be placed to replenish stock before it runs out, ensuring a balance between stock availability and minimal holding costs.
Lot Size
The quantity of items processed or procured in a single order or batch, affecting inventory levels and production efficiency.
Periodic Review
A systematic evaluation of a process or system at regular intervals to ensure it meets certain standards or goals.
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